2016 global exports confirm premiumisation trend due to sparkling wines

Tuesday February 14 2017 by Vitisphere

Over the first nine months of 2016, global trade in wine amounted to 101.6 million hectolitres worth 28.8 billion euros, translating to a 2% decline in volume and a 3% increase in value compared with the same period in 2015. The trends, which were revealed by the Spanish Wine Market Observatory (OEMV), can be ascribed to a drop in sales of bulk wines, which impacted volumes, and a rise in sales of bottled and sparkling wines, which had a positive effect on values. Sparkling wines posted growth of 5% by volume and value. The average price per hectolitre across-the-board for wines exported from January to September 2016 is 28.83 euros.

The best-performing exporter countries were Italy, France, Australia and New Zealand, whereas Spain witnessed a sharp decline in shipments.

 

[ Source: Vitisphere. Photo: OEMV ]

 

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